Latest Greek Election to Cost 30% Less Than the May Election
With practice, the Greek’s are becoming more efficient, with their elections anyway. The May 6th elections cost €50m and the new one is scheduled to cost only €35.
Month: June 2012
USD/JPY Bearish Following US News
The US dollar fell against the Japanese yen during afternoon trading yesterday, after several US indicators came in below analyst forecasts. The USD/JPY dropped over 30 pips following the news, eventually reaching as low as 79.33. Turning...
EUR/USD Forecast June 14, 2012, Technical Analysis
The EUR/USD pair rallied for most of the session on Wednesday, but gave back a lot of the gains towards the end of the session. Fears of a weaker GDP in the US has people concerned, and...
USD/JPY Forecast June 14, 2012, Technical Analysis
The USD/JPY pair had a relatively quiet session on Wednesday as the markets continue to measure the likelihood of more easing coming out of the Federal Reserve. The Bank of Japan is certainly in an easing mode,...
GBP/USD Forecast June 14, 2012, Technical Analysis
The GBP/USD pair fell at the end of the session on Wednesday as the GDP estimates for the US have been downgraded, sending the market into a “risk off” mode. This will always hinder the cable pair,...
AUD/USD Forecast June 14, 2012, Technical Analysis
The AUD/USD pair attempted to rally on Wednesday, but was turned away at the parity level yet again. This area is looking more and more like a “top” to the market, and as a result we are...
USD/CAD Forecast June 14, 2012, Technical Analysis
The USD/CAD pair rose for the most part during the Wednesday session, after first trying to fall. The 1.03 level kept the market down, and as a result we have to wait to see the next move....
Forex-Metal Daily Analysis -13/06/2012
The Spanish bonds yields’ grew to their maximum level of 6, 728 %.
Spanish Bail Out News Gives Euro A Temporary Boost
News Sunday that a bail out fund was going to have up to €100B available to rescue Spanish Banks gave the market a boost.
EUR/USD Forecast June 13, 2012, Technical Analysis
The EUR/USD pair had a relatively quiet session on Tuesday as the stock markets were strong in the United States. The 1.25 level continued to be the epicenter of price action, and with the Greek elections coming...